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Sensex hits seven-month high after late rally; Coal India jumps

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Reuters
Last Updated : Jun 02 2016 | 4:33 PM IST

REUTERS - Indian shares hit a seven-month high on Thursday, rebounding from earlier losses, as stocks such as Coal India Ltd rose on firmer commodity prices, while sentiment was also underpinned by hopes about the economy.

The broader NSE Nifty ended 0.48 percent higher at 8,218.95, while the benchmark BSE Sensex closed up 0.48 percent at 26,843.14, after earlier falling as much as 0.3 percent each.

Both the indexes touched their highest since late October.

Shares of Coal India ended up 3.42 percent, their highest close in more than two months, after the company raised coal prices.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Anupama Dwivedi)

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First Published: Jun 02 2016 | 4:27 PM IST

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